Trump says he’ll fix the debt but even his allies aren’t convinced

President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package.

The response so far from financial markets has been skeptical as Trump seems unable to trim deficits as promised.

“All of this rhetoric about cutting trillions of dollars of spending has come to nothing — and the tax bill codifies that,” said Michael Strain...